In Nice, it is 41% more, or 91. In English Harbour, Antigua, the bill is almost 165, up 45%. All is not lost, however, and foreign holidays are far from unaffordable. Some light Because of hedging a form of insurance against movements in the pound this years prices will not reflect the full force of the pounds drop. Many travel agents have hedged their currency risk against potential Brexit volatility, or may pass the extra costs on to their suppliers, the hotels, resorts or airlines, said Charles Purdy, chief executive of Smart Currency Exchange. Tough economic climates stretch across the eurozone and local prices have been forced down to offset the dip in the pound. Tourists and locals are watching their pennies and shops, restaurants, bars and hotels are responding to intense competition, said Andrew Brown of Post Office travel money. Going stateside The pound has suffered its sharpest falls against the all-conquering dollar, crashing more than 17% from $1.49 before the referendum, to around $1.24 today. This means that a plate of morning eggs in the local diner has gone up as well the tax and tips which come as inevitable add-ons.
For the original version including any supplementary images or video, visit https://amp.theguardian.com/money/2017/feb/12/brexit-effect-sterling-holidays-cost
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